Ford to cut costs $14 billion, invest in trucks, electric cars: CEO

DETROIT (Reuters) - Ford Motor Co plans to slash $14 billion in costs over the next five years, Chief Executive Officer Jim Hackett told investors on Tuesday, adding that the No. 2 U.S. automaker would shift capital investment away from sedans and internal combustion engines to develop more trucks and electric and hybrid cars.

from Reuters: Technology News http://ift.tt/2fIhsY6